- Franklin expands its crypto index ETF to include six major altcoins.
- New SEC-approved rules allow broader asset tracking in crypto funds.
- Demand for XRP surges as more U.S. spot-XRP products launch.
Franklin Templeton is broadening the scope of its flagship digital-assets fund, marking one of the most significant shifts to date in how traditional finance approaches the crypto market.
The firm is moving beyond its long-standing focus on Bitcoin (BTC) and Ethereum (ETH) to allow a wider mix of leading altcoins.
Franklin Crypto Index ETF adds multiple coins
According to a filing dated November 24, Franklin Crypto Index ETF will begin tracking XRP, Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Stellar (XLM) and Chainlink (LINK) on December 1, 2025, making the fund a much broader representation of the market.
Notably, recently approved rules for the Fresh Cboe exchange played a key role in enabling this expansion.
For the first time, issuers are permitted to include any cryptocurrency listed in their reference indices, rather than limiting exposure to only Bitcoin and Ethereum.
Franklin’s ETF is among the first to take advantage of the new framework, signalling how quickly the regulated corner of crypto investing is evolving.
Instead of being dominated by the two largest cryptocurrencies, the fund will now rebalance its holdings quarterly to reflect index changes and market conditions.
These scheduled rebalances allow assets to be added or removed based on performance, liquidity and market relevance.
The firm has also modernized its operating model so that authorized participants can create or redeem ETF shares with actual crypto assets rather than cash only — a change likely to tighten tracking accuracy and improve liquidity.
This adjustment should make the ETF more effective during periods of high volatility, a common challenge for funds holding digital assets.
Franklin Templeton recently launched a spot XRP ETF
Franklin Templeton’s overhaul of its index ETF closely follows another milestone: the launch of its spot XRP fund, trading under the ticker XRPZ with a sponsor fee of 0.19%.
The debut of the XRP ETF came at a time when demand for regulated XRP exposure in the U.S. has surged.
Franklin has joined a rapidly growing cohort of firms competing to meet investor appetite for XRP-based products.
Earlier in the month, Canary Capital set the pace by raising more than $250 million on the first day of its XRP ETF launch.
Other firms that have successfully launched XRP ETFs include Grayscale and Bitwise, which reported initial volumes of $25 million and inflows of $118 million during the first trading week.
This swift expansion has positioned XRP among the few assets outside BTC and ETH to attract rapid ETF development.
As a result, XRP’s price rebounded, rising more than 7% on November 25 to an intraday high of $2.28 as institutional inflows began to accelerate.